Chair

Bank AI

Bitcoin

Gary

With the increasing popularity of Bitcoin ETFs, significant U.S. banks are requesting the SEC to play a larger role in the cryptocurrency industry. This indicates a change in regulatory approach. The objective is to adjust accounting rules, enabling banks to act as transparent custodians for spot Bitcoin ETFs. Meanwhile, DeeStream (DST) is attracting investors with its modest value of $0.035. It is transforming content creation and streaming. DeeStream (DST) introduces governance through DST tokens and fair revenue-sharing, going beyond mere financial benefits and providing a chance to contribute to a decentralized and fair future for streaming.
<h2 id="b-bitcoin-etfs-major-banks-seek-expanded-role-b">Bitcoin ETFs: Major Banks Seek Expanded Role</h2>
Major banks and financial groups in the United States are asking the Securities and Exchange Commission to update how it defines cryptocurrency assets. They want a bigger role in the expanding crypto industry. A group that includes the Bank Policy Institute and American Bankers Association sent a letter to SEC Chair Gary Gensler on February 14 to express their views. The letter emphasized the absence of U.S. banks as asset custodians in recently approved spot Bitcoin exchange-traded funds (ETFs). Banks are seeking modifications to accounting guidelines to facilitate their participation as custodians, citing the recent approval of 11 spot Bitcoin ETFs.
The coalition requests adjustments to Staff Accounting Bulletin 121 (SAB 121), issued in March 2022, providing guidance on accounting for crypto asset custody obligations. The current guidance requires banks to hold crypto assets on their balance sheets, limiting their ability to scale crypto custody services. The suggested changes aim to narrow the crypto asset definition, excluding traditional assets recorded on the blockchain. This would exempt banks from on-balance sheet requirements while maintaining disclosure obligations, enabling them to engage in crypto activities transparently.
<h2 id="b-implications-for-bitcoin-etfs-b">Implications for Bitcoin ETFs</h2>
Analysts believe that the push by banks signals a shift in crypto regulation sentiment in Washington. The letter indicates the changing landscape for crypto ETFs and reflects growing interest from traditional financial institutions in participating in the digital finance wave. The move suggests that U.S. banks are eager to play a more active role in offering spot Bitcoin ETFs to their customers.
<h2 id="b-deestream-dst-revolutionizing-content-creation-and-streaming-b">DeeStream (DST): Revolutionizing Content Creation and Streaming</h2>
<a href="https://deestream.com/" rel="noopener noreferrer nofollow">DeeStream</a> (DST) emerges as a transformative investment opportunity within the streaming industry, presenting a unique approach to content creation and distribution. Priced at just $0.035, DST tokens play a crucial role in the DeeStream (DST) platform, contributing to its collective governance in the Web 3 streaming environment. The ongoing presale has attracted early investments, highlighting the platform’s innovative features.
DeeStream (DST) offers content creators numerous monetization avenues and instant withdrawals, fostering an enticing ecosystem. DST tokens empower creators with control over their work in a censorship-resistant, peer-to-peer streaming environment. The platform stands as a force for decentralization, promoting fair revenue-sharing practices and creating alternative income streams for content producers.
Investing in DeeStream (DST) goes beyond financial gain; it symbolizes active participation in shaping a more equitable and decentralized streaming ecosystem. The platform empowers both users and creators, fostering a sense of ownership and empowerment. By choosing DeeStream (DST), investors become integral contributors to the future of streaming—one that champions fairness, decentralization, and the limitless potential of content creation. Join the exciting journey and invest in DeeStream (DST) today.
Find out more about the DeeStream presale by visiting the website <a href="https://deestream.com" rel="noopener noreferrer nofollow">here</a>
The post <a href="https://thecoinrise.com/huge-demand-continues-for-bitcoin-btc-etfs-deestream-dst-presale-as-both-look-to-skyrocket-in-just-months/" rel="noopener noreferrer nofollow">Huge demand continues for Bitcoin (BTC) ETFs &amp; DeeStream (DST) presale as both look to skyrocket in just months</a> appeared first on <a href="https://thecoinrise.com" rel="noopener noreferrer nofollow">Latest News and Insights on Blockchain, Cryptocurrency, and Investing</a>.

Huge demand continues for Bitcoin (BTC) ETFs & DeeStream (DST) presale as both look to skyrocket in just months

Table of Contents

TheCoinrise Media

Other articles published on Feb 17, 2024

Syndicate Unveils L3 Chain: The Syndicate Frame Chain, Powered by Base (OP Stack)

Ethereum ETF Heats Up With Updated Filings By VanEck and ARK Invest

Worldcoin (WLD) Price Rally Extends to 80%, Big Whales Accumulate

5 Best Altcoins to Invest in Right Now February 16 – Stacks, Helium, Jupiter

Famous Analytics Company Announces Expectations for the Bitcoin Halving Event in April: Will ATH ...

U.S. Treasury’s Focus on Tether’s Risks and Regulatory Needs

Join our free newsletter for daily crypto updates!